n Development Finance Agenda (DEFA) - Assessing the performance of development finance institutions




Development finance institutions (DFIs) have monitoring and evaluation (M&E) systems to determine how effective their projects are in terms of their impact on development. But how accountable and beneficial are these M&E systems? This article focuses on the cases of the European Investment Bank and the World Bank Group's International Finance Corporation. It provides a framework to assess DFIs' monitoring systems, consisting of four criteria : governance, development impact, effectiveness and financial additionality. The article recommends that DFIs integrate these criteria to improve their M&E systems and that civil society organisations and other external players be invited to join discussions on the effectiveness of M&E systems.


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